Best's view, the AGCS
companies (comprising AGCS
AG and Allianz Global Corporate & Speciality North America and all subsidiaries) are all an integral part of the strategy of Allianz SE.
This will provide AGCS
with a complete understanding of the cyber risks and allow it to customize coverage to fit specific customer profiles.
The downgrading of the ICRs of AGCS
NA and Allianz of America Inc reflects the rating enhancement they receive from their ultimate parent company, Allianz Societas Europaea (Germany) (Allianz SE), whose ICRs were recently downgraded.
Best's view that AGCS
AG and AGCS
France are an integral part of the strategy of their ultimate parent company, Allianz Societas Europaea (Germany) (Allianz SE).
This integration brought around $600 million in annual gross premiums to AGCS
Specialty lines are a significant strategic segment for AGCS
will offer many benefits to Fireman s Fund s clients and business partners in the US, with its global reach, recognized expertise and AA rated financial strength.
The stand alone risk-adjusted capitalisation of AGCS
AG is likely to remain strong in 2009, underpinned by significant equalisation reserves.
Across South America, for developing in core markets, this start up is a part of AGCS
Re Brazil's continuing strategy, and follow its local Brazilian reinsurer licence, and backed by its A.
Best expects that further entities and portfolios of Allianz SE will be integrated into this platform in an effort to transform AGCS
into Allianz SE's single primary risk carrier for corporate and specialty risks.
This new set-up is a significant step forward in the development of our global strategy , explains Axel Theis, Chief Executive Officer of AGCS
Best expects that further entities and portfolios of the Allianz group will be transferred to AGCS
and integrated into this platform.